Name Online Only Bankruptcy Real Estate Auction
Auctioneer Powell Auction & Realty, LLC
Type Online-Only Auction
Date(s) 11/13/2017 - 11/27/2017
BIDDING BEGINS: Monday, November 13th at 9:00AM (CT) / 10:00AM (ET) BIDDING ENDS: Monday, November 27th at 11:00AM (CT) / 12:00PM (ET)
Preview Date/Time Please view the properties at your leisure.
Checkout Date/Time 10% earnest money deposit due within 24 hours of sale ending. Balance due within 20 days after court approval.
Location 1391 Old Harris Turnpike Road
South Pittsburg, TN 37380
Buyer Premium 10% Buyer's Premium
Description
Online Only Bankruptcy Real Estate Auction BIDDING BEGINS: Monday, November 13th at 9:00AM (CT) / 10:00AM (ET) BIDDING ENDS: Monday, November 27th at 11:00AM (CT) / 12:00PM (ET) 2 Lots Located in Southview Subdivision in South Pittsburg (Marion County), TN 2 Lots with a total of a combined +/- 22 acres Sold by the order of the United States Bankruptcy Court for the Eastern District of Tennessee at Knoxville - Case # 17-31323-SHB
BANKRUPTCY REAL ESTATE TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Bankruptcy Sale is Subject to Court Approval. The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court Approval. Property to be transferred with a Trustees Deed ONLY. Seller will provide Trustees Deed ONLY. Title Opinion, Title Insurance, Document Recording & ALL CLOSING COST will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes Current, Delinquent, fees & any penalties. Buyer is responsible for any and all liens. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All Measurements are from tax records and are approximate and not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS" with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder's behalf.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
10% Buyer's Premium Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended.